Intellectual Property Rights Form

An intellectual property rights form is used by to sell, buy, assign or exchange an intellectual property which is like any other asset. Since intellectual property is intangible, it cannot be defined by any physical parameters or quantities and has to be protected by the owner who has the right to prevent unauthorized usage or selling of this property. Usually for this purpose, the owner has protection options like patents, trademarks, design registrations or copyrights which are also owned by him along with the piece of intellectual property. The owner of the intellectual property has a right to defend these and only through a proper agreement and the owner’s consent can another party get the rights to these items.